Paddy Power Betfair’s Corcoran steps down; Worldpay boss new CEO
Games NewsUK bookmaker Paddy Power Betfair early Monday announced the unexpected exit of its Chief Executive Officer Breon Corcoran after unconfirmed reports this weekend that the Dublin-based online and retail sportsbetting gaming operator was in the market for a successor.
The news comes on the heels of the £5 billion merger of betting exchange Betfair and Paddy Power completed in February 2016. The 46-year-old Corcoran is seen as the driving force behind the largely successful merger.
Ahead of trading Monday on the Irish Stock Exchange (ISE) the bookmaker announced that after 16 years with Paddy Power and its predecessor companies, Corcoran would be replaced by Peter Jackson, former WorldPay CEO, according to The Irish Times. Jackson, who has only been with the payments p…